Bad Credit Loans
Updated: 14. 04. 2026
Swoosh Finance Bad Credit – review 2026
Pros
- Both secured and unsecured options available
- Considers defaults and financial hardship history
- Terms up to 60 months for reduced repayments
- Online application with next-business-day funding
- ASIC-licensed responsible lender
Cons
- Rates elevated compared to prime lending market
- Secured loan requires eligible vehicle
- Maximum AUD 15,000 for most applicants
- Total interest cost significant over longer terms
- Not available for undischarged bankruptcies
Swoosh Finance Review
Swoosh Finance provides personal loans to Australian borrowers who have difficulty accessing finance from mainstream lenders due to bad credit, defaults or financial hardship. The lender offers both secured and unsecured options, with the secured product using a vehicle as collateral.
Loan amounts range from AUD 1,000 to AUD 15,000 with terms from 12 to 60 months. All loans are assessed under the responsible lending obligations of the National Consumer Credit Protection Act 2009.
Requirements
- Australian citizen or permanent resident
- Minimum age 18 years
- Minimum income AUD 400 per week
- 100 points of ID required
- No current bankruptcy proceedings
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.